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Bridge Logistics Acquires Commerce Site for Lease and Development
Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc., acquired a 5.6-acre site at 4542 Dunham in Commerce. BLP acquired the site vacant and intends to market the existing 122,000-square-foot building for lease while simultaneously pursuing entitlements for a 127,000-square-foot distribution building.
“Persistent volatility and market dislocation are creating compelling entry points resulting in attractive risk/return spreads,” said Paul Jones, managing director of BLP. “Acquiring a strategically located site like Dunham, with highly marketable existing improvements at a cost aligned with land value, enables us to maximize value through enhanced operational flexibility.”
The Dunham property’s strategic location within the Central LA submarket is less than a mile from the 710 and 5 Freeways, providing direct access to Downtown Los Angeles and the Ports of Los Angeles and Long Beach. BLP continues to pursue opportunities that align with its focus on acquiring strategically located, high-barrier industrial assets in key markets nationwide.
- ◦Sale/Acquisition
- ◦Development
